The group, which includes internet bank Smile, Co-op bank and the Co-operative Insurance Society, said that the increase occurred due to “unprecedented” levels of credit card debt as well as other borrowing for some customers. Now the group has told…

Neelie Kroes, the competition commissioner at the EU, delivered the interim findings of an EU inquiry into the industry and called the fees “outrageous”, targeting dominant brands in the market, as well as banks, with her comments. She said: “What…

Michael Jackson has been forced into the sale, which could include songs written by the Beatles, as he owes the Fortress Investment Group some $270 million and is allegedly struggling to meet the $4.5 million monthly interest payments. The news,…

Those providing services such as car washing or window cleaning could be at particular risk as they may have to purchase expensive equipment in order to reduce water consumption. Now the Federation of Small Businesses (FSB) is calling on Margaret…

Writing in next month’s edition of the Journal of Consumer Research, Lisa Bolton, Joel Cohen and Paul Bloom claim that the existence of remedial packages encourage consumers to adopt risky borrowing patterns. Most worryingly of all, the study claims that…

In total 75 per cent of CreditIndex’s Personal Credit Index respondents said their borrowing did not present them with difficulties, with only 11 per cent predicting that their levels of debt would rise in the next few months. Furthermore, 85…